Start date
September 2026
About the Opportunity
At Hiscox, we believe in empowering early careers talent to make a real impact from day one. As a Graduate in the Underwriting Risk & Reinsurance team, you’ll help us understand, model and manage some of the largest and most complex risks facing a global insurer. You’ll gain hands‑on experience across technical, analytical and commercial areas, working closely with senior stakeholders to support key business decisions that shape our risk appetite and long‑term strategy.
The Role
In the Underwriting Risk & Reinsurance team, you will learn how a global insurance business understands, manages and hedges its most significant risks. Working at the centre of the organisation, you’ll partner with senior leadership, underwriting teams and analytics specialists to help answer questions such as: What could go wrong? How big could the impact be? How do we balance risk levels with profitability?
You’ll gain real exposure to understanding large‑scale events, modelling scenarios, interpreting data and helping shape the frameworks that support the Group’s decision‑making.
What You’ll Do
Make an Impact
- Contribute to meaningful projects that help Hiscox monitor, model and manage major risks.
Learn and Grow
Rotate through three core areas:
1. Exposure Management – Understanding Large & Accumulating Risks
- Learn how losses can build across the business when a single event affects many policies.
- Support the development of risk models and loss scenarios.
- Contribute to the Hiscox View of Risk, used to communicate major exposures to senior management, Boards and regulators.
- Work across risk types including:
- Property risks: hurricanes, earthquakes, man‑made catastrophes
- Cyber risks: outages, data breaches, large‑scale disruption
- Casualty risks: liability claims including AI‑related and climate‑related litigation
2. Reinsurance Purchasing – Protecting the Business Against Large Losses
- See how Hiscox transfers risk by purchasing reinsurance.
- Support negotiations with brokers and reinsurers.
- Gain insight into how reinsurance structures work and how commercial decisions are made.
3. Underwriting Risk Analytics – Using Data to Manage Performance
- Work with models and analytical tools that monitor risk and profitability across the Group.
- See how the organisation balances risk appetite with growth ambitions.
Collaborate
- Work closely with Underwriting, Actuarial, Analytics and senior business leaders.
Develop Skills
- Access training through the Hiscox Faculty, LinkedIn Learning, and hands‑on project experience.
Be Supported
- Receive guidance from rotation managers, the Early Careers team and a dedicated Grad Buddy.
What We’re Looking For
We welcome applications from all backgrounds. You’ll thrive if you are:
- Curious and eager to understand global risks and how they impact business decisions
- Analytical and comfortable working with data
- Communicative, collaborative and able to explain ideas clearly
- Interested in current affairs, emerging risks and global events
- Open to feedback, proactive and willing to take initiative
- Motivated to contribute to an inclusive and supportive team environment
Requirements
- 2:1 (predicted or obtained) in any degree discipline (UK or international equivalent)
- Fluent business English
- Permission to work in the UK
Our Commitment to Inclusion
We are committed to building a diverse and inclusive workplace where everyone can be themselves and reach their full potential. We encourage applications from all backgrounds and are happy to discuss flexible working arrangements. If you need adjustments to the application process, please let us know.
What We Offer
- Competitive salary and benefits, including 25 days annual leave (plus Hiscox Days), wellbeing support and gym‑subscription reimbursement
- Full sponsorship for professional qualifications through the Chartered Insurance Institute
- A permanent contract from day one, with long‑term progression opportunities
- A global network of peers and colleagues
- Exposure to senior stakeholders and real business decisions
